Pampa Energía S.A. (NYSE:PAM) Short Interest Down 19.4% in August

Pampa Energía S.A. (NYSE:PAM - Get Free Report) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 428,900 shares, a drop of 19.4% from the July 31st total of 532,300 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 270,300 shares, the days-to-cover ratio is currently 1.6 days.

Pampa Energía Trading Up 2.0 %

Pampa Energía stock traded up $1.03 during trading on Thursday, hitting $53.00. The company had a trading volume of 149,443 shares, compared to its average volume of 267,626. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 6.65 and a beta of 0.99. The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44. Pampa Energía has a 1-year low of $32.91 and a 1-year high of $54.17. The company's 50 day simple moving average is $46.99 and its 200-day simple moving average is $45.32.

Pampa Energía (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. The business had revenue of $500.00 million during the quarter, compared to analyst estimates of $479.17 million. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. As a group, analysts expect that Pampa Energía will post 8.95 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. HSBC upgraded Pampa Energía from a "reduce" rating to a "hold" rating and set a $46.00 price target on the stock in a report on Tuesday, May 21st. StockNews.com raised shares of Pampa Energía from a "hold" rating to a "buy" rating in a research note on Monday, August 12th. Citigroup upgraded Pampa Energía from a "neutral" rating to a "buy" rating and upped their price objective for the company from $51.00 to $58.00 in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. raised their target price on Pampa Energía from $46.50 to $47.50 and gave the stock a "neutral" rating in a research note on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $50.50.

Institutional Trading of Pampa Energía

Several hedge funds have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new stake in Pampa Energía during the 2nd quarter worth approximately $37,000. GAMMA Investing LLC acquired a new stake in shares of Pampa Energía in the fourth quarter valued at $41,000. SPX Gestao de Recursos Ltda purchased a new position in Pampa Energía in the fourth quarter valued at $44,000. EverSource Wealth Advisors LLC purchased a new position in Pampa Energía in the first quarter valued at $52,000. Finally, Headlands Technologies LLC acquired a new position in Pampa Energía during the 1st quarter worth $69,000. Institutional investors and hedge funds own 12.77% of the company's stock.

About Pampa Energía

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.